The fantastic voyages of C’App’n Crypto

Below is part two of my interview with Troy Broussard about his clever way of combining his systems & automation knowledge as a Nuclear Engineer, enterprise-class software developer, & API-level marketing automation specialist to trade in crypto currency. And yes before you ask: There is an offer if you’re so inclined, to get his coaching on this. And if you do, and if you use my affiliate link, you’ll get in a fat discount. But forget about that for now. First, here’s part two of our interview: === BEN SETTLE: So getting into the nuts and bolts of what Troy Broussard does, what makes your way of investing different? TROY BROUSSARD: Yeah. Before I do though, I want to go back to the previous question a little bit and add some more context. So when you look at crypto, it's not a simple binary thing of crypto is crypto, it's really not. There's all different types and usages of crypto. And this is why people like yourself and Dan Kennedy, I always say, if you hate on it, you don't understand it yet. Because when you understand it, there are areas to hate, but there are areas that are just incredibly awesome. So if we look at how crypto is used, one of them is like a store of value. A store of value for Bitcoin is, think of gold or diamonds, right? Gold, other than a little electronic circuitry stuff, basically has no value. Diamonds are completely frigging useless and everybody thinks they're scarce and rare. It's all bullshit. They've got hoards and hoards and hoards of diamonds stashed away. They just control supply to keep the price up. But diamonds, now show me a pink diamond, I'll be impressed, which they have by the way. And those are rare, but diamonds themselves, it's just a store of value. They only have value because people give it value. Gold is really the same way. Bitcoin, as a store of value, is the same type of thing. And I would totally agree with people who say it has no value, it's just a store of value. And I'd say, "Yeah, just like a diamond." So that's one aspect of it. The other aspect is speculation, for speculation and investing. And in this regard, it's really no different than the stock exchange. It's just better because it has more volatility and less regulation. Volatility, people always beat up on crypto because it goes up and down so frequently. And they think, "Well, that's a bad thing." Well yeah, if you're just holding onto it and hoping that you're going to hit the lottery, you just want it to go up, up, up. But anybody that has a brain knows that that's not the way the market works. It goes up and down. So if it's going to go up and down, and if you're going to trade it, you want as much volatility as possible, because that makes the trading easier. And because we're in the wild, wild west, there's not a lot of regulation. So it's really a low barrier to get into it right now. One of the other things, Ben, and I don't think I've ever told this to you, but when you say, how could I convince a skeptic like you or Dan Kennedy? I would say this, beyond the adoption rate, I would say this. If you bought Bitcoin at any point in its history, and held onto it for four years, didn't do a thing, just bought it and ignored it for four years, it would've returned 150% at any point in the history of Bitcoin. 150% on your money in four years. There is not a single stock or mutual fund or index fund or the S&P 500 or anything that can claim the same thing. And even though you've seen massive run up of Netflix in certain years and all of that, there is no way that you could have bought Netflix at any point and made over four years, 150%. That to me is a major, major thing. Now, in stock markets, you've got junk bonds and penny stocks. We all know there's crappy stuff. Well guess what? There's a ton of shit coins in crypto too. I think there's been like 3000 of them that have gone out of business already. So yes, it's got a bad reputation because there's been some shit coins out there. But you know what? There's been junk bonds, there's been penny stocks. There's been a lot of crap on the market too. So when you look at it from a speculation standpoint, it's really no different than the stock exchange. And for those of you that will, that'll try to argue: "Yeah, but stock exchange has PE ratios and all this stuff." Well those things have been so out of date for the last 50 years. They're almost useless. It really is just pure speculation like anything else at this point. The stock market is more dependent on the government's comments, on the Fed's comments than it is on PE ratios. Another big use of crypto is as a currency. And that's something that in many rights, yeah, you can criticize it. It's too volatile to be used as a currency today. You buy it and it goes up or down 10% or 12% just like that and your money goes up or down. And that's not great from a currency standpoint. But guess what, Ben, this was actually before you and I teamed up. But when I was with the other partner that we had jointly for a little while, I was doing a bunch of development in Russia. And I had a bunch of programmers on the team in Russia. And I finally shut down the entire team and just said, "No, I'm not doing it anymore, because I couldn't get money to them." Every time I would try to wire them, they would lock up my entire bank account. I've got a lot of different bank accounts for different companies that I run and they would lock all of them up. They would lock one of them, and that would ripple through everything. And I'd have to go into the bank and just go through all kinds of crap because I was sending money to Russia. I was sending it to a development team, didn't care, right? Now, imagine today what it would be like. There's no way you can send money to Russia. Imagine if you had... Like my chiropractor is Russian and he's got family in Russia and he cannot send money to his family. He can't, because there's no way through the common currency approach and the international monetary movement restrictions that they put on Russia, he can't do it. But with crypto, you can, and because of the deregulation, So even in its crazy volatility, it has use as a currency because of the deregulation. And then the last thing that I wanted to... There's two more things that I really wanted to use to have with my conversation with Dan Kennedy, which I'm going to be sitting down with him in a couple weeks. I told him as much as he's adamant about hating it, I'm adamant I can change his mind. BEN SETTLE: Immovable object needs unstoppable force. TROY BROUSSARD: It'll be dualing contrarian, right? It'll be like we need to showdown. But another major use for crypto is as a utility. And this is where crypto is going to fundamentally be the most disruptive technology the world has ever seen. And I'm talking about my uncle was a Nassau safety engineer, worked on the space station and all of that. So when I say the most fundamentally game changing technology we have ever seen in humankind, smart contracts are going to completely revolutionize the world. A smart contract is a way with crypto where when something, a payment comes in, you can have a validation that automatically distributes funds without any ability to reverse it. Imagine paying out affiliate commissions, Ben. You knew as an affiliate, if you promoted my product because I paid with Ethereum smart contracts, you knew that you were going to get paid instantaneously when the charge came through. No holdbacks, no waiting period, no having to send and harass people to get your money. And that there would be no possible way for anybody to charge back or claw back that money because it would've been paid and over and done. This is what smart contracts do, and they're going to alleviate. One of the biggest examples I think of is buying a home. You've bought a few, Ben, I've bought a few. It's a frigging miserable process. So much that I'm just going to buy my next one in cash because I just refuse to go through it again.You've got the escrow account, you've got the financial institution that's lending you money, everybody puts it. You have to go down to a... God, I'm losing the word. What's the word? The place that you open the escrow. BEN SETTLE: The title? TROY BROUSSARD: Title company, yeah. BEN SETTLE: Yeah. TROY BROUSSARD: You have to go get title insurance, you have to pay for the insurance, and the title company. Then they go out and they have the city that goes and measures the lot line and tells you how many rods and all the stupid crap going all the way back 300 years ago. And they do all of this crap and plot out where all the electrical things are. And everybody has to sign off on this before you can buy the house. And it takes sometimes weeks, it's gotten better over the years, but still it's a long grueling process. With smart contracts, you will eliminate all of that, all of the work that's done for the property line where the city will be real time validated, everything with the bank will be real time validated. Your funds will be in there, everybody will contribute, and it'll be distributed. You'll be able to buy a home with no realtor, no title insurance, no any of that crap, and do it in minutes. And that's kind of the future of where things are going with the utility aspect of crypto. And banks are already using this, by the way. Many of the largest banks in the world are using Ripple XRP as a way of transferring funds between banks so that they don't have to wait on wire transfer or international clearance of monies or anything like that. So this is already underway. It's just slowly growing but insane. And then the last thing that I would say, if all of those things didn't convince you that crypto is here to come, we're here to stay. Look at BlackRock. BlackRock is the single largest investment or money management in the world. They have over $10 trillion in management, and they just bought into a major investment with Coinbase. And Coinbase, one of the largest exchanges of crypto in the world, is literally under investigation with the SEC, like anybody with crypto, because the SEC hates them because they can't regulate them. But I mean nobody makes a major deal with a company when they're being investigated with the SEC, nobody. And BlackRock doesn't even care. They're so confident in where crypto is going that the world's largest money management bought in. And these guys, by the way, at $10 trillion, they could buy every Bitcoin on the planet 24 times over, right? Bitcoin has a market cap of about $412 billion today, somewhere around there. They've got $10 trillion in management. And by the way, they're limiting their focus initially to all of their portfolio. And their clients are only going to be able to invest in Bitcoin, not all of the other alt coins. They're very wise in doing just the most stable, least risky investment of BTC, and that's what they're doing. So when you look at all of that, what is that going to do to my first stance, the adoption rate? It's just going to be insane. So that's where I come from when I talk to somebody like you or Dan Kennedy, Ben. You can hate the speculation aspect and think it's a bunch of shit coins and yeah, you'd be right. You can say store a value. It doesn't have any value. Well yeah, gold doesn't either, neither does diamond, same kind of thing. But when you look at the adoption rate, when you look at the ability to fundamentally change the way we do business, and then you look at the world's largest investment money management firm, endorsing and putting heavily into it, then it kind of changes the way you think about things. BEN SETTLE: Like I said, I come at it as a skeptic for multiple different reasons. What about when it comes to the actual what you do? What makes your approach different from all the other ones that probably are causing all the skepticism in the first place? Because people turn into some kind of weird biz opp type thing. === So ends part two. I’ll be sending out part three tomorrow. In the meantime if you want more info on Troy’s coaching and get a fat discount on it should you decide to partake of it, simply use my affiliate link below by Friday 11/11 at midnight EST: [https∶//www.EmailPlayers.com/crypto]( Ben Settle This email was sent by Ben Settle as owner of Settle, LLC. Copyright © 2022 Settle, LLC. All Rights Reserved. No part of this email may be reproduced or transmitted in any form or by any means without written permission from Settle, LLC. Click here to [unsubscribe]( Settle, LLC PO Box 1056 Gold Beach Oregon 97444 USA